The San Joaquin Valley is showing gradual signs of economic recovery and should continue slow growth in the next two years, according to a report by Dr. Gökçe Soydemir, endowed professor of business economics at California State University (CSU), Stanislaus.

Soydemir recently released a midyear update of his inaugural Business Forecast Report, first published in November 2011. The midyear update is to assess the accuracy of the initial report and provide updated forecasts to 2014. Per Soydemir, the initial forecasts were off by less than 3 percent, well within the target accuracy margin of 5 percent.

Most noteworthy: In 2011, total employment grew at an annual rate of 0.82 percent — a very small increase, but significant because it is the first growth in employment since the recession began.

Soydemir joined CSU Stanislaus as Foster Farms Endowed Professor of Business Economics in August 2011. He brings strong expertise and experience in business analysis and forecasting and has published extensively on applied econometrics, regional economics, financial forecasting, market analysis and international finance.

Find out more about the Business Forecast Report and update at http://bit.ly/O00NeL.


MEDIA CONTACT: Denise Nordell

(209) 667-3916

dnordell@csustan.edu